Compare Today’s Mortgage Rates for Scarborough, Maine

Pureloan searches major banks and mortgage lenders all over the nation for the best home loan rates in Scarborough, Maine 04074. Pureloan also provides a report on popular mortgage brokers in your area and a detailed analysis of your home loan payments. For a 30-year fixed loan, expected lifetime cash savings are $9,359 or $26 / month in Scarborough and surrounding areas of Cumberland county.

Our search engine explores all possible home mortgage options including fixed rate, adjustable rate (ARM), FHA, VA, USDA, conventional, jumbo and conforming home mortgages for Scarborough, Maine 04074.

30 Year Fixed Mortgage Rates Customized for April 21, 2021

Today's 30 Year Fixed Mortgage Rates

43.583476 -70.345668

Summary of Average Mortgage Terms in Scarborough, Maine 04074

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Interactive Mortgage Rate Projections for Scarborough, ME

Source: Fannie Mae and Freddie Mac


To forecast and predict mortgage rates in Scarborough, ME 04074, Pureloan has created an interactive chart to track the 5 largest nationwide lenders. Historical rates are based on closed mortgage financings, and projections are based on proprietary modeling.

Local Mortgage Rates for Scarborough, ME

Historical Mortgage Rates for Scarborough, Maine 04074 from 2014 - 2021

We have compiled mortgage rate charts for home loans in Scarborough, Maine and around Cumberland county to help you understand trends for your home purchase process. This data is produced from actual closed loans.

2014 2015 2016 2017 2018 2019 2020 2021
% 30 year fixed mortgage 87.25% 84.08% 86.29% 87.05% 89.57% 86.76% 89.38% 90.13%
avg mortgage rate 4.94% 4.68% 3.90% 4.00% 4.44% 4.11% 3.89% 4.08%
% 15 year fixed mortgage 9.27% 12.15% 9.79% 10.68% 7.86% 9.72% 7.93% 7.82%
avg mortgage rate 4.40% 3.94% 3.19% 3.10% 3.46% 3.22% 3.09% 3.18%
Avg credit score 761.54 764.61 764.20 761.82 756.84 756.84 753.43 753.18
Avg LTV (loan to value) 74.37% 74.96% 77.08% 78.75% 80.15% 79.47% 80.31% 80.54%
Avg DTI (debt to income) 32.43 32.04 31.99 32.54 33.15 33.66 33.76 33.93
% First time homebuyer 18.97% 16.27% 17.73% 19.94% 20.93% 21.96% 21.35% 20.86%
Avg mortgage insurance % 3.92% 4.66% 7.04% 8.94% 10.28% 10.68% 10.99% 10.85%

Data produced from the Financial Report of the US Government

Best Mortgage Brokers Around Scarborough, Maine 04074

If you’re looking to buy a new home in Scarborough, we have compiled a list of the leading mortgage brokers around Scarborough, Maine 04074 to help you with your search.

Name
Address
Contact

Allied Home Mortgage Capital Corporation

25 Plaza Dr

Scarborough ME 04074

(207) 883-8716

First Choice Home Loans

20 Glendale Cir

Scarborough ME 04074

(207) 883-4400

Maine Financial Group

15 Pleasant Hill Rd

Scarborough ME 04074

(207) 885-5900

http://www.enterprise-mortgage.com/

Lender's Network

250 US Route 1

Scarborough ME 04074

(207) 883-8880

jess@lendersnetwork.biz

David Gooch

636 US Route 1

Scarborough ME 04074

(207) 885-9500

Address

25 Plaza Dr

Scarborough ME

Contact

(207) 883-8716

Address

20 Glendale Cir

Scarborough ME

Contact

(207) 883-4400

Address

15 Pleasant Hill Rd

Scarborough ME

Contact

(207) 885-5900

http://www.enterprise-mortgage.com/

News on Mortgages and Reverse Mortgages for Scarborough, Maine 04074